Malaysia News: National, Regional And World News

Minister Maru added, “While Indonesia has traditionally relied on imports of manufactured items, superior know-how, and technical abilities, it has successfully transitioned from a main sector economy to one targeted on secondary and tertiary industries. “Downstream processing has been extremely successful in Indonesia, creating 1000’s of jobs, transferring higher-value skills, and introducing superior technological processes. The nickel SEZ at Weda Bay alone created 80 Business News,000 direct jobs and 12,000 oblique jobs—more jobs than PNG’s whole mining and petroleum industries combined. In 2022, investment in downstream mining surged to almost US$9.2 billion, in comparison with US$4.1 billion in 2019,” Maru noted, emphasising the significant function these investments have performed in Indonesia’s mining trade. The Indonesian Government has recommended that PNG adopt a similar method and implement a ban on uncooked material exports.

Indonesia injects $4.2b into sovereign wealth fund to get massive tasks rolling The injection is a half of the government’s plan to inject Rp 75 trillion ($5.three billion) into the sovereign wealth fund this 12 months to finance infrastructure, tourism and expertise tasks. The Papua New Guinea Tourism Promotion Authority formally launched the Enga Cultural Festival on Friday ninth August in Wabag, Enga Province. The competition, renowned for celebrating the wealthy tradition of Enga Province, marked a significant milestone this yr with its thirtieth Anniversary. Honourable Sir Peter Ipatas, Governor of Enga Province, expressed his gratitude for TPA’s continued assist.